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The ASX200 dropped zero.7 per cent, snapping a three-day win streak after Fed chairman Jerome Powell mentioned the US central financial institution was in no rush to chop rates of interest. New Zealand’s central bank cuts charges by 0.5 percentage factors, and economists say extra cuts are coming. Each week we alternate between an interview with an organization Business News chief and an business deep dive. Sit down for lunch and walk away with a recent tackle the share market, companies you can spend money on, and the future of business.
Santos has announced the signing of a mid-term LNG supply contract with TotalEnergies Gas & Power Asia Private Limited . The contract entails the availability of 20 LNG cargoes, or as a lot as roughly zero.5 million tonnes of LNG every year, over a interval of three years plus one quarter. The contract will commence in Q4 2025, with LNG being supplied from Santos’ world portfolio of world-class LNG belongings on a delivered ex-ship foundation. Santos Managing Director and Chief Executive Officer Kevin Gallagher said the contract with TotalEnergies marks a brand new LNG relationship for Santos, constructing on its current …